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This action follows discussions with Chinese officials regarding a disagreement that has affected the global supply of automotive parts. According to Dutch Economy Minister Vincent Karremans, as reported by the Associated Press, the temporary halt in the government's control over Nexperia reflects a positive step towards resolving the situation, and talks with Beijing are still continuing.
The Dutch government had earlier taken control of Nexperia on September 30, arguing that it was essential to prevent the company's chips from being unavailable during emergencies. The main concern of the authorities was the potential for Nexperia to move its operations to China.
The regulation granted the government the authority to prevent or reverse decisions made by Nexperia’s management if it believed those decisions could harm component supply chains in Europe.
source: apnews.com
The Dutch government had earlier taken control of Nexperia on September 30, arguing that it was essential to prevent the company's chips from being unavailable during emergencies. The main concern of the authorities was the potential for Nexperia to move its operations to China.
The regulation granted the government the authority to prevent or reverse decisions made by Nexperia’s management if it believed those decisions could harm component supply chains in Europe.
source: apnews.com
